Colorado Is The 2nd Best State To Retire, Study Finds

DENVER, Colo. (CBS4) - Colorado is the second best state in the country to retire, according to a new study by Wallethub. The personal finance website evaluated 50 states across three dimensions: affordability, health care, and overall quality of life.

Researchers evaluated these three dimensions using 45 metrics, which were weighted and assigned on a 100-point scale, with a score of 100 representing the most favorable conditions. Florida was ranked the best state for retirees with a score of 61.09, followed by Colorado with a score of 60.94 and Delaware with 58.69.

New Jersey was ranked the worst state to retire, with a score of 37.41.

Retiring in Colorado (1=Best; 25=Avg.):

• 9^th – WalletHub 'Taxpayer' Ranking
• 15^th – Elderly-Friendly Labor Market
• 6^th – Life Expectancy
• 10^th – COVID-19 Positive Testing Rate in the Past Week
• 6^th – Death Rate for Population Aged 65 & Older

To learn more about the study and its methodology, visit wallethub.com.